What's a commitment transaction?

A financial commitment is a future expenditure. In Oracle Fusion Project Financial

Management, a commitment is a future cost transaction.

A commitment can be an outstanding purchase requisition or purchase order charged

to a project, or received goods that aren't yet paid for. A purchase order is legally
binding whereas a purchase requisition isn't.

A commitment can also be a project transaction that is invoiced but not transferred to
Oracle Fusion Project Costing yet.

How to import them?

Run the Update Project Performance Data process. The Import Commitments process
doesn't import them.

How to process them?

They are processed automatically when you run the Update Project Performance Data process.
For grants, they are processed automatically when you run the Update Award Performance Data
Without Producing Report process.